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Card 1 of 24

What does ceteris paribus mean?

A

Other things equal; all other influences are assumed unchanged.

B

Prices always equal; all quantities are assumed unchanged.

C

Government decides; market influences are assumed irrelevant.

D

All things change; every influence is assumed to vary together.

Card 1 of 24

1.2.3 meaning of the term ceteris paribus Flashcards

  1. Intl A Level
  2. /Economics
  3. /1.2.3 meaning of the term ceteris paribus

24 flashcards on CIE Intl A Level Economics 1.2.3 meaning of the term ceteris paribus: the key terms and definitions you need to recall.

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